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GEM ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an actively managed ETF with $1.35 billion in assets under management.

GEM seeks to track the performance of the Goldman Sachs ActiveBeta Emerging Markets Equity Index, employing a quantitative approach to select and weight stocks. With an expense ratio of 0.59%, GEM offers exposure to a diverse portfolio of 753 emerging market equities, with a focus on technology and financial services sectors, differentiating itself through its active management strategy within the emerging markets space. Past performance does not guarantee future results.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) ETF — Price, Holdings & Analysis

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an actively managed ETF with $1.35 billion in assets under management. GEM seeks to track the performance of the Goldman Sachs ActiveBeta Emerging Markets Equity Index, employing a quantitative approach to select and weight stocks. With an expense ratio of 0.59%, GEM offers exposure to a diverse portfolio of 753 emerging market equities, with a focus on technology and financial services sectors, differentiating itself through its active management strategy within the emerging markets space. Past performance does not guarantee future results.

ETF Overview

Seeks to track performance of the Goldman Sachs ActiveBeta Emerging Markets Equity Index
GEM, the Goldman Sachs ActiveBeta Emerging Markets Equity ETF, aims to provide investors with exposure to emerging market equities through a quantitative, active strategy. The fund's investment approach focuses on selecting and weighting stocks based on factors such as value, momentum, quality, and volatility. GEM's portfolio comprises 753 holdings, offering broad diversification across the emerging markets landscape. The ETF's top holdings include significant allocations to Taiwan Semiconductor Manufacturing Co Ltd (13.12%), Samsung Electronics Co Ltd (5.81%), and SK Hynix Inc (3.42%), reflecting a substantial weighting towards technology companies. Sector allocation reveals a concentration in Technology (32.6%) and Financial Services (21.3%), followed by Consumer Cyclical (9.5%) and other sectors. GEM is suitable for investors seeking actively managed exposure to emerging market equities, with a focus on factor-based stock selection. Past performance does not guarantee future results.

Risk Metrics

Investing in GEM involves several risks inherent to emerging market equities. The fund's concentration in specific sectors, particularly Technology (32.6%) and Financial Services (21.3%), exposes it to sector-specific risks. Country exposure is heavily weighted towards China (22.8%), Taiwan (21.2%), and Korea (16.3%), creating geographic concentration risk. The fund's beta of 0.91 indicates that it is slightly less volatile than the overall emerging markets. The expense ratio of 0.59% can create a drag on returns, especially in periods of lower market performance. Investors should be aware of currency fluctuations and political instability risks associated with emerging markets. Past performance does not guarantee future results.

Expense Ratio

0.59%

What does GEM hold?

HoldingWeight
Taiwan Semiconductor Manufacturing Co Ltd (2330.TW)13.12%
Samsung Electronics Co Ltd (005930.KS)5.81%
SK Hynix Inc (000660.KS)3.42%
Tencent Holdings Ltd (0700.HK)3.40%
Alibaba Group Holding Ltd Ordinary Shares (9988.HK)2.33%
Goldman Sachs FS Treasury Obligs Instl (FTOXX)1.83%
China Construction Bank Corp Class H (00939)0.77%
MediaTek Inc (2454.TW)0.74%
HDFC Bank Ltd (HDFCBANK.NS)0.72%
Samsung Electronics Co Ltd Participating Preferred (005935)0.66%

How Is the Fund Allocated?

SectorWeight
Technology32.6%
Financial Services21.3%
Consumer Cyclical9.5%
Basic Materials7.7%
Communication Services7.7%
Industrials5.9%
Healthcare3.7%
Energy3.0%
Consumer Defensive2.9%
Cash & Others2.8%
Utilities2.1%
Real Estate0.8%
CountryWeight
China22.8%
Taiwan (Province of China)21.2%
Korea (the Republic of)16.3%
India12.4%
Brazil4.2%
South Africa3.5%
Other2.7%
Hong Kong2.1%
Saudi Arabia1.8%
Mexico1.8%

Dividend Yield

2.01%

Risk Metrics

  • Beta: 0.91

Questions & Answers

What is GEM and what does it track?

GEM, or the Goldman Sachs ActiveBeta Emerging Markets Equity ETF, is an actively managed fund that seeks to track the performance of the Goldman Sachs ActiveBeta Emerging Markets Equity Index.

This index employs a quantitative methodology to select and weight stocks from emerging market countries. GEM provides exposure to a diversified portfolio of 753 emerging market equities.

What is the expense ratio for GEM?

The expense ratio for GEM is 0.59%. This means that for every $10,000 invested in the fund, $59 is deducted annually to cover operating expenses.

While this is higher than some passive emerging market ETFs, it is important to consider that GEM is actively managed, which typically incurs higher costs.

What are the top holdings in GEM?

As of March 2026, the top holdings in GEM include Taiwan Semiconductor Manufacturing Co Ltd (13.12%), Samsung Electronics Co Ltd (5.81%), SK Hynix Inc (3.42%), Tencent Holdings Ltd (3.40%), and Alibaba Group Holding Ltd Ordinary Shares (2.33%).

These holdings represent a significant portion of the fund's assets and reflect its focus on leading companies in the emerging markets.

Is GEM a good long-term investment?

Whether GEM is a suitable long-term investment depends on an individual's investment goals, risk tolerance, and time horizon. GEM offers exposure to emerging market equities, which can provide growth potential but also carry higher risks.

The fund's active management strategy aims to outperform the benchmark index, but there is no guarantee of success.

How does GEM compare to similar ETFs?

GEM competes with other emerging market ETFs, including both passively managed index funds and actively managed funds. Compared to passive ETFs, GEM's expense ratio of 0.59% is generally higher, reflecting the costs associated with active management.

In terms of AUM, GEM's $1.35 billion places it among the larger emerging market ETFs, suggesting strong investor interest.

Does GEM pay dividends?

Yes, GEM does pay dividends. As of March 2026, the fund has a dividend yield of 2.01%. This means that for every $100 invested in GEM, investors can expect to receive approximately $2.01 in dividend income annually.

The dividend yield can fluctuate based on the fund's holdings and the dividend policies of the underlying companies.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Data provided for informational purposes only.

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